Topic: The Central Bank of Iran has banned banks from making deals with cryptocurrencie (Read 166 times)

dont worry.

The Central Bank stated: "Banks, credit institutions, and currency exchanges should eliminate sales and purchases of cryptocurrencies and promote cryptocurrencies in any way."

Earlier, due to concerns about sanctions, the value of the Iranian official currency Rial has reached a historical low. This month, Iran formally unified the official and open market exchange rates and prohibited currency exchange outside the banks. .

Agree, I guess that the users of bitcoin in Iran is really low because the restriction there and the unbearable punishment of violating the law. And also, there's no single local exchange comes from iran.
Even if they do exist, I think that the market capitalization not even above 1 million dollars.

Thank you for your quick positive response on the issue of Iran because few guys here are acting as agents of FUD and I totally go with you on the latest and promising development about the bank of Spain. This is a welcome development for the crypto world economy.

Can you honestly say you are shocked by this? They don't even have a central bank there, they will do as they please! No effs given clearly and honestly I am not surprised, neither should you be.

This is not anew thing compared to the previous news we have received as regards cryptocurrency. Well, lets' hope it does not negatively affect the prices of coins in the markets. As some countries are embracing cryptocurrency, some are banning. Although , the banning is just focussed on transactions in banks, that does not mean it is totally banned in the country.

LOL you don't even read the article properly, It says the central bank of iran and it's not iran itself that is giving sanction for those are dealing with cryptocurrency. You should undestand about what you read before you are trying to speak something about that.

Sooner or later they will accept it. Fortunately or sadly Iran is not into crypto so much.
We won't be hit by that news, but we could use their market as well for further adoption.

on the one hand, one can understand Iran's policy with its fears, but they are not trying to develop new economic decisions, pass laws and see the advantages of the crypto-currency market

I think that no one seriously perceives this news. Of course, it is strange that Iran has decided to go way the ban, but for us it is not essential

Well, why again bad news. I think that this is a short time and after some time the banks will be allowed again to conduct crypto transactions. Iran is not a very developed country and I do not understand why this ban is for them.

Cryptomarket will react on this but don’t expect a big dump since Iran is just a small place to use cryptocurrency. Well, it is still sad to hear this kind of news but I know time will come and they will adopt the system of cryptocurrency.

yes, such news can still lower the rate of bitcoin. but, I think that not much and not for long. because the crypto currency has already firmly entered our life.

I do not think that anyone is interested in what is happening in Iran. This is not a country that has the influence and importance in the world of cryptocurrencies. I think there even the Internet is only 50% of the country. Here's the news about the Bank of Spain. This is more constructive and promising.

https://bitcointalksearch.org/topic/m.35652893

Iran does not have a strong influence on the cryptocurrency market, there are no large cryptocurrency exchanges or funds, there are no mining farms or something that can be closed and affect the crypto market, so the ban on cryptocurrencies in this country should not affect their prices and further development. Although, of course, such news negatively affects all cryptocurrencies. Perhaps, if the Iranian government delves into blockchain technology, understands its value for any technological branch and develops innovations, it will create a legislative base for adopting cryptocurrency.

I think in the near future they will not deny this. Yes, and to track some crypto-currencies is very difficult

Frankly speaking I am not very surprised, that Iran restricted cryptos. It was really predictable.

That's more good news.Since bitcoin is very much torn in price from other currencies.Now there is an alignment of prices.After this all goes in a good growth

bad news again, but did not rule out the bitcoin will come down again,
hopefully the price keeps going up, come on bitcoin

The Central Bank of Iran has banned banks in the country to make deals and work with cryptocurrencies in order to combat money laundering, reports the state news Agency of Iran, IRNA.

IRNA with reference to the circular of the Central Bank, based on the cryptocurrency ban adopted in December by the Iranian state organization engaged in the fight against money laundering:

"Banks, credit institutions and foreign exchange bureaus should avoid the sale or acquisition of such currencies or the Commission of acts aimed at promoting and disseminating them.”

The impact of us sanctions on Iran's economy
In April, the Iranian authorities carried out a number of actions aimed at combating the emerging currency crisis. Official and open market exchange rates were formally combined in the country, and foreign exchange outside the banks was prohibited. These measures are associated with the fall of the Iranian state currency, the Rial, which has reached record low levels due to fears of the return of Western sanctions, which had a negative impact on the economy of the Islamic Republic.

On may 12, the US President, Donald trump, will decide whether to restore the sanctions against Tehran suspended in 2015 after the conclusion of the Treaty between Iran, the US, China, Russia, France, Britain and Germany.
Thanks for the + 1 merit